Press release
Global Podiatry Market 2020 Size, Growth, Drivers, Challenges, Opportunities, Shares, Countries, Revenue and Forecast Analysis
Podiatry Market
The global podiatry services market reached a value of nearly $19,377.4 million in 2017, having grown at a compound annual growth rate (CAGR) of more than 1.76% since 2013. Growth of the market will be driven by increasing geriatric population, rising prevalence of chronic diseases such as diabetes, arthritis and cardiovascular diseases, and increasing awareness about the importance of routine foot health and care. However, global growth will be below the growth of global GDP. The market will be negatively affected by political instability in regions such as the Middle East and by uncertainty in healthcare policies in countries such as the USA, and by budgetary restraints on public provision from some countries in Europe.
The Key drivers of the podiatry market include:-
Diabetic foot complications are contributing to both mortality and morbidity among the diabetic population leading to a substantial physical, psychological and financial burden for patients. Diabetes prevalence has increased from 8.5% in 2014 to 8.8% in 2017 leading to higher demand for podiatry services for diabetic foot problems. It is estimated that globally, 25% of total health care expenditure among the diabetic population is related to foot complications thus driving the market growth.
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Podiatry Market Segmentation:-
By Specialization Type - The podiatry services market is segmented by specialization type into
a) General podiatry
b) Podiatric surgery
c) Sports medicine
d) Podopediatrics
General podiatry had the highest growth rate of nearly 1.85% during the historic period. The fastest growth in the historic period can be attributed to the increasing prevalence of diabetes and other comorbid conditions along with increasing awareness about podiatry and the importance of foot care.
By Treatment Condition - The podiatry services market is segmented by treatment condition into
a) Diabetes
b) Musculoskeletal diseases
c) Cardiovascular diseases
d) Neurological diseases
e) Others (Non-Comorbid Conditions)
Growth has accelerated in all the segments of the global podiatry services market by treatment condition.
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By Geography - The podiatry services market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in the podiatry market are
1.National Health Service (NHS)
2.Kaiser Permanente
3.UPMC
4.Mayo Clinic
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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